📈Technical Analysis: EOS (EOS)
📊On the hourly chart of EOS, we see a "stair-step" movement: a sharp impulse, then a pullback, a false breakout, and the price stops in the channel. Then another impulse follows. Let's try to catch the impulse.
How to trade?🔼🔽
📈 Scenario 1: Open a trade on a breakout of the channel upwards — the safest option.
🧮Profit/risk ratio - not very good. And when trying to open a trade on the impulse, one might be late.
📈 Scenario 2: A riskier strategy — entering inside the channel, closer to the lower boundary.
⛔️Set the stop-loss outside the channel.
✔️Profit target — the height of the previous impulse (take-profit is mandatory).
Conclusion:
We are waiting for a signal to break the channel to enter a buy. Sales are not considered, based on the current market situation.
$EOS